Cardano News

Cardano Records a 1.02% Jump in One Day; Likely to Touch $0.04 Soon

  • Cardano grows by 1.02% in the last 24 hours.
  • The next resistance may fall at 0.04 USD for Cardano.

Cardano has touched 0.0399 USD and it is nearing 0.04 USD with a decent force after yesterday’s 1.02% hike in the value against USD. It has been through three major price shifts in this period and the range of the shifts lies between 0.0384 USD and 0.0399 USD.

Cardano Price Analysis:

Cardano Price Chart

Cardano opened the day near 0.0395 USD and by 04:29 UTC, it touched 0.0384 USD after a 2.62% reduction in the value. It was followed by a 2.57% price recovery that added 0.0009 USD to the value and pushed it to 0.039456 USD. The last variation happened between 15:59 UTC and 02:28 UTC and this swing added 0.0013 USD or 3.40% of the value and helped Cardano to touch 0.0399 USD.

Like the value against USD, the market cap of Cardano has also been strengthened over the last 24 hours. The market cap on 22nd October was at 1.018 billion USD and it rose to 1.038 billion USD in the last 24 hours.

ADA Price Prediction:

Cardano’s 50 days average is now at 0.0428352 USD and the 20 days average lies at 0.0399465 USD. The current price trend of Cardano is at 0.039912 USD and it is 6.84% and 0.08% less than the 50 days average and 20 days average respectively. Cardano’s next halt may come at 0.040 USD.

Resistance & Support Levels:

Cardano (ADA)
1st Resistance$ 0.039661333
2nd Resistance$ 0.040042667
3rd Resistance$ 0.040526333
1st Support Level$ 0.038796333
2nd Support Level$ 0.038312667
3rd Support Level$ 0.037931333

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